Word: sectored
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...Kennedy School established its public service loan forgiveness program last spring to encourage its graduates to enter low-paying jobs in the public sector...
...fairly smooth decision-making process. The Prime Minister, a product of the Diet (Parliament), reports weekly to the legislature in what Columbia Law School's Michael Young calls an "environment of interaction, conciliation and accountability." In addition, Japanese politicians "engage in continual and intense negotiation with the private sector." In America, the President and Congress constantly collide, as do the Government and business...
Paul Volcker, former chairman of the Federal Reserve Board, has joined with Edmund Muskie, Elliot Richardson, Harvard President Derek Bok and others to form a National Commission on the Public Service. The commission's hope is to develop leadership for the public sector. A member of the group is John Brademas, a Congressman for 22 years and now president of New York University. Says Brademas: "Leadership can be summed up in two words -- intelligence and integrity, or to use two synonyms, competence and character. We don't see those characteristics in Government today. Reagan and his Administration have established...
...Quantum Fund drop some 36%, to $1.67 billion. Other stars emerged overnight. Elaine Garzarelli, 36, a research analyst and fund manager for Shearson Lehman Bros., had emphatically predicted a collapse exactly one week before Black Monday in an interview on Cable News Network. Her stock fund, the Sector Analysis Portfolio, reportedly gained 5% during the week of the crash because Garzarelli had moved the fund out of stocks and into cash and Treasury bills. Result: Garzarelli, who bases her prognostications on an elaborate computer model, now sends visible tremors through the market with her predictions, which remain bearish...
Privatization has paid off handsomely in Britain, where 16 major state-owned enterprises, including Jaguar and Rolls-Royce, have been returned to the business sector since Thatcher first took office in 1979. By and large, the companies have prospered. Since it came to power last year, the Chirac government in Paris has sold 25 companies, including the merchant bank Paribas, the telecommunications giant CGE and the large commercial bank Societe Generale. The idea has started to catch on elsewhere. In Portugal, where state businesses have sucked $13 billion in operating losses and subsidies from the economy since the leftist revolution...